Markets and Companies

International Internet Magazine. Baltic States news & analytics Friday, 19.06.2026, 09:47

25.10.2010

How to terminate an employment contract in Latvia?

Question: Employee has committed a road traffic accident and crashed a vehicle, which is owned by an employer. Does employer have rights to terminate employment contract because of this?

25.10.2010

Grybauskaite opened the Lithuania National Day at EXPO 2010

President Dalia Grybauskaitė opened the Lithuania National Day at EXPO 2010 in Shanghai. In her remarks delivered at the opening ceremony, the President said that Lithuanians discovered China already back in the 17th century.

24.10.2010

Devaluation of rouble would hit painfully Estonian food industry

The devaluation of the Russian rouble would hit Estonian food industry painfully since low-income Russians would not be able to buy Estonian dairy products, LETA/Eesti Päevaleht Online reports.

23.10.2010

Joint Baltic projects urged in health care

Speaking on Friday at the Riga session of the Baltic Assembly (BA), Saeima deputy and BA Social Affairs Committee Chair Silva Bendrate advocated greater integration among the Baltic States in order to implement specific cross-border projects in the health care sector.

22.10.2010

"Galleria Riga" hopes to attract customers with concept and brands new to Latvia

A new shopping mall, "Galleria Riga", opened doors on Dzirnavu Street in downtown Riga today; the mall hopes to attract customers with a new concept and new brands. More than EUR 100 million has been invested in the project by the project developer "Patollo" together with co-funding provided by Nordea bank.

22.10.2010

Latvian President and Chinese Vice President discuss cooperation in economy and education

President of Latvia Valdis Zatlers met today with the vice president of the People’s Republic of China, Xi Jin Ping. During their meeting, the two officials discussed opportunities for economic co-operation, particularly noting the fact that bilateral trade turnover has increased substantially during the past year.

22.10.2010

Ensto opens a new plant in Tallinn

Industrial concern Ensto opened on Friday its new plant in Tallinn, which provides jobs for 130 people and where 165 mln kroons was invested in, LETA/Postimees Online reports.

22.10.2010

TEO LT revenues reduced by 5.9% in 9 months

The total consolidated revenue of Lithuania-based provider of integrated telecommunication, IT and TV services TEO LT Group for nine months of 2010 was 581 million litas, a decrease by 5.9% over the total revenue of 618 million litas for nine months of 2009, TEO LT reports to NASDAQ OMX Vilnius.

22.10.2010

Tallinna Vesi sales increased to 582.3 mln kroons in 9 months

During the first nine months of 2010 AS Tallinna Vesi's total sales increased year on year by 2.1% to 582.3 mln EEK, the company informed the Tallinn Stock Exchange. The company's underlying operating profit for the first nine months of 2010 from water and wastewater related activities decreased by 6.8% to 292.0 mln EEK compared to the nine months of 2009.

22.10.2010

Estonian National Broadcasting wants to get back rights to air commercials

After years of disputes, Estonian National Broadcasting hopes to confirm its rights of airing commercials with sports and culture events, LETA/Eesti Päevaleht Online reports.

22.10.2010

Zatlers received words of praise in China about Latvian pavilion

During his visit to China, which concludes tomorrow, President Valdis Zatlers has heard many words of praise about the Latvian Pavilion at "World Expo 2010", his press center reports.

22.10.2010

800 enterprises are already customers of Estonian Post's E-Invoicing Centre

Transmitting and receiving invoices electronically becomes more and more appreciated among Estonian companies, Toomas Türk, the head of the infologistics division of Estonian Post (Eesti Post), was quoted as saying by BBN/LETA.

22.10.2010

New "Galleria Riga" mall opens

Downtown Riga will have a new shopping mall as of today – "Galleria Riga", located in the square block of Brivibas, Terbatas, Dzirnavu and Blaumana streets.

22.10.2010

Olympic Casino Eesti turns over 294 mln kroons in 9 months

Olympic Entertainment Group’s subsidiary Olympic Casino Eesti AS announced that its unaudited revenues for the first nine months of 2010 totaled 294.2 million EEK (18.8 million EUR).

21.10.2010

Producer prices in Latvian industry increased by 7.1% in September y-o-y

Compared to August, the overall level of producer prices in Latvian industry in September 2010 increased by 0.5%, according to the data of Central Statistical Bureau of Latvia. Over a year (compared to September 2009) producer prices in industry increased by 7.1%.


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